Stock Technical indicators to notice in HSJM (000980.SZ)
1- Last bearish trend was from 5.36 $ (3/9/2012) to 4.45 $ (3/29/2012) a 0.91 $ move 2- The current bullish trend started from 4.45 $ at 3/29/2012 and is currently trading at 5.31 $.
4- 000980.SZ current resistance level is at 5.36 which is the 100.00 % fibonacci retracement of the last 0.91 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bearish Divergance in MACD Indicator .
HSJM (000980.SZ) Short term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 4.450 and 4.210, and is currently supporting at 4.550.
HSJM (000980.SZ) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 4.450 and 4.210, and is currently supporting at 4.550.
HSJM (000980.SZ) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 4.450 and 4.210, and is currently supporting at 4.550.
Stock Trading Conclusion:
HSJM (000980.SZ) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 5.36, 5.61, 5.92.
Stock Support levels : 5.11, 5.01, 4.98, 4.90, 4.88, 4.80, 4.78, 4.66, 4.55, 4.45,.
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